S&P gives AI Chem loans B+, B-

Standard & Poor's said it assigned its B+ long-term corporate credit rating to AI Chem (Luxembourg) Intermediate Sarl.

The outlook is stable.

S&P also assigned its B+ issue rating to AI Chem's $120 million revolver and $655 million first-lien term loan, and its B- issue rating to a $150 million second-lien term loan.

The ratings on AI Chem are at the same level as the preliminary ratings assigned on Feb. 21, reflecting the agency's view of the company's broadly unchanged financial risk profile under its final capital structure.

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